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ICRA cuts Ola Electric's rating as competition, poor brand perception hit performance
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ICRA cuts Ola Electric's rating as competition, poor brand perception hit performance

Home/India Tech/ICRA cuts Ola Electric's rating as competition, poor brand perception hit performance

Ola Electric Technologies faces a downgrade from ICRA due to declining sales, persistent losses, and delayed profitability. Despite efforts to improve unit economics, rising competition and subsidy rationalization have impacted demand and margins. The company's market share in the electric two-wheel

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๐Ÿ“… Apr 29, 2026ยทโฑ 1 min readยทET Tech โ†—
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https://economictimes.indiatimes.com/tech/startups/icra-cuts-ola-electrics-rating-as-competition-poor-brand-perception-hit-performance/articleshow/130613143.cms
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